年報China Investments Holdings Limited中國興業控股有限公司年報 CHINA INVESTMENTS HOLDINGS LIMITED 中國興業控股有限公司ANNUAL REPORT 2020 年報1目 錄Contents Page(s)頁次CORPORATE INFORMATION公司資料2CHAIRMAN’S STATEMENT主席報告書4CORPORATE GOVERNANCE REPORT企業管治報告15DIRECTORS’ REPORT董事會報告書34ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT環境、社會及管治報告49INDEPENDENT AUDITOR’S REPORT獨立核數師報告書59CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME綜合損益及其他全面收益表75CONSOLIDATED STATEMENT OF FINANCIAL POSITION綜合財務狀況表78CONSOLIDATED STATEMENT OF CHANGES IN EQUITY綜合權益變動表80CONSOLIDATED STATEMENT OF CASH FLOWS綜合現金流量表82NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS綜合財務報表附註85FIVE YEARS FINANCIAL SUMMARY五年財務概要274PARTICULARS OF MAJOR PROPERTIES主要物業資料275Contents目 錄 2CHINA INVESTMENTS HOLDINGS LIMITED 中國興業控股有限公司ANNUAL REPORT 2020 年報公司資料Corporate Information 執行董事何向明（主席及董事總經理）游廣武（董事）黃志和（董事副總經理）王欣（董事副總經理）程衛東（董事副總經理）獨立非執行 董事陳國偉陳達成鄧宏平審核委員會陳國偉（主席）陳達成鄧宏平薪酬委員會陳達成（主席）陳國偉鄧宏平何向明提名委員會何向明（主席）陳國偉陳達成鄧宏平註冊辦事處Clarendon House 2 Church StreetHamilton HM 11 Bermuda主要營業 地點香港九龍尖沙咀麼地道62號永安廣場501室Executive DirectorsHe Xiangming (Chairman and Managing Director)You Guang Wu (Director)Huang Zhihe (Deputy Managing Director)Wang Xin (Deputy Managing Director)Cheng Weidong (Deputy Managing Director)Independent Non-Executive DirectorsChan Kwok WaiChen Da ChengDeng Hong PingAudit CommitteeChan Kwok Wai (Chairman)Chen Da ChengDeng Hong PingRemuneration CommitteeChen Da Cheng (Chairman)Chan Kwok Wai Deng Hong Ping He XiangmingNomination CommitteeHe Xiangming (Chairman)Chan Kwok Wai Chen Da Cheng Deng Hong PingRegistered OfficeClarendon House 2 Church StreetHamilton HM 11 BermudaPrincipal Place of BusinessUnit 501, Wing On Plaza62 Mody Road TsimshatsuiKowloon, Hong KongCorporate Information公司資料 CHINA INVESTMENTS HOLDINGS LIMITED 中國興業控股有限公司ANNUAL REPORT 2020 年報3公司資料Corporate Information 股份過戶 登記處MUFG Fund Services (Bermuda) LimitedThe Belvedere Building69 Pitts Bay RoadPembroke HM08Bermuda股份過戶 登記分處卓佳廣進有限公司香港皇后大道東183號合和中心54樓主要來往 銀行中國銀行交通銀行東亞銀行華僑永亨銀行恒生銀行中國工商銀行（澳門） 股份有限公司律師胡關李羅律師行核數師恒健會計師行有限公司執業會計師公司秘書羅泰安股份代號132網址http://chinainvestments.tonghaiir.comRegistrarMUFG Fund Services (Bermuda) LimitedThe Belvedere Building69 Pitts Bay RoadPembroke HM08BermudaBranch RegistrarTricor Progressive LimitedLevel 54, Hopewell Centre183 Queen’s Road EastHong KongPrincipal BankersBank of ChinaBank of CommunicationsBank of East Asia LimitedOCBC Wing Hang Bank LimitedHang Seng BankIndustrial and Commercial Bank of China (Macau) LimitedSolicitorsWoo, Kwan, Lee & LoAuditorHLM CPA LimitedCertified Public AccountantsCompany SecretaryLo Tai OnStock Code132Websitehttp://chinainvestments.tonghaiir.comCorporate Information公司資料 4CHINA INVESTMENTS HOLDINGS LIMITED 中國興業控股有限公司ANNUAL REPORT 2020 年報主席報告書Chairman’s Statement 業務回顧由於融資租賃業務及大數據業務不斷發展，經營收入分別增加了約港幣78,071,000元及約港幣7,028,000元，而且本集團於二零二零年九月完成了收購廣東天諾投資有限公司（前稱「天諾民爆有限公司」）（「天諾」）後，將天諾營業收入合併入帳，增加了約港幣86,284,000元；由於去年已將汕頭國際商業大廈的大部份剩餘單位出售，導致今年難再有出售發展物業收入，減少了約港幣30,378,000元，但截至二零二零年十二月三十一日止年度，連同其他因素綜合使本集團來自持續經營之業務的總收入仍錄得大幅增長82.3%至約港幣293,555,000元。雖然上述所提及的融資租賃業務之發展為本集團帶來了新增加的利潤貢獻，但由於去年因2007年已到期的可換股票據之應付款項連同應計利息已經超有效訴訟追訴期而取得了一次性收益約港幣78,819,000元，但今年並無該等收益；以及今年錄得因出售廣東粵科融資租賃有限公司之25%權益交易而產生之出售損失約港幣39,177,000元及有關部份應收未收代價款之減值損失約港幣38,033,000元，加上去年按公允值計入損益之金融資產之公允值增加約港幣41,015,000元之特殊收益，而今年則只有按公允值計入損益之金融資產之公允值增加約港幣20,094,000元，導致本集團利潤出現大幅倒退，轉盈為虧，今錄得淨虧損約港幣66,036,000元。BUSINESS REVIEWOperating income increased by approximately HK$78,071,000 and HK$7,028,000 respectively from the growing financial leasing business and big data business, and increased by approximately HK$86,284,000 due to consolidation of the operating income of Guangdong Tiannuo Investments Co., Ltd. (Formerly known as “Guangdong Tiannuo Civil Explosives Co., Ltd.”) (“Tiannuo”) upon completion of its acquisition by the Group in September 2020. As most of the remaining units of Shantou Commercial Plaza were sold last year, making it very unlikely to derive income from sale of development properties in the year, operating income decreased by approximately HK$30,378,000. However, the Group still recorded a significant increase of 82.3% in total revenue from continuing operations to HK$293,555,000 for the year ended 31 December 2020 as a result of the combined effects of the above and other factors.Despite the increased profit contribution to the Group from the development of financial leasing business mentioned above, the Group saw a significant decline in profit and recorded a net loss of approximately HK$66,036,000 in the year, representing a turnaround from profit to loss, because the effective period of limitation of the payables for convertible notes which became due in 2007, together with the accrued interest, had lapsed; and one-off income of approximately HK$78,819,000 were rec